Tag: pension plans

Retirements of Millions of Americans in ‘Jeopardy’ as ESG Rule Weakens Protections

March 7, 2023
Business & Marketseconomic policiesenergyERISAESG investingExecutive BranchinflationInvestmentpension planspersonal financePoliticsUS
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News Analysis The Biden administration and Congress are currently caught up in a tug-of-war over a new Labor Department rule regarding whether Americans’ retirement savings should be used to finance a climate and social-justice agenda. This conflict goes well beyond obscure investment rules and administrative procedures and will likely affect the financial security of many…

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Retirement Funds of Millions of Americans in ‘Jeopardy’ as ESG Rule Weakens Protections

March 7, 2023
Business & Marketseconomic policiesenergyERISAESG investingExecutive BranchinflationInvestmentpension planspersonal financePoliticsUS
0 Comment

News Analysis The Biden administration and Congress are currently caught up in a tug-of-war over a new Labor Department rule regarding whether Americans’ retirement savings should be used to finance a climate and social-justice agenda. This conflict goes well beyond obscure investment rules and administrative procedures and will likely affect the financial security of many…

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Trading Places: Democrats Back Corporations as GOP Punishes Them

March 2, 2023
Business & MarketsCharles Schumereconomic policieseconomyenergyESGGov. Ron DeSantispension plansPolicies & ImpactsPoliticsretirement savingsUSUS News
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The ideological clash about how much control government should have over private companies was encapsulated yesterday in two Wall Street Journal op-ed pieces that many readers might find surprisingly contradictory. The first, written by Senate Majority Leader Chuck Schumer (D-N.Y.), rails against government intervention in corporate affairs; the second, by Republican Florida Gov. Ron DeSantis,…

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Democrats Back Corporations as GOP Punishes Them

March 2, 2023
Business & MarketsCharles Schumereconomic policieseconomyenergyESGGov. Ron DeSantispension plansPolicies & ImpactsPoliticsretirement savingsUSUS News
0 Comment

News Analysis The ideological clash about how much control government should have over private companies was encapsulated yesterday in two Wall Street Journal op-ed pieces that many readers might find surprisingly contradictory. The first, written by Senate Majority Leader Chuck Schumer (D-N.Y.), rails against government intervention in corporate affairs; the second, by Republican Florida Gov….

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Biden to Announce $36 Billion to Shore Up Central States Pension Fund

December 8, 2022
American Rescue Plan ActChuck Grassleycovid-19 relief packageJoe Bidenlabor unionsMarsha Blackburnpension plansPolicies & ImpactsPoliticsUS
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President Joe Biden will announce the injection of $36 billion in funding to bolster the multi-employer Central States Pension Fund and prevent “drastic cuts” to the pensions of more than 350,000 union workers and retirees on Dec. 8. According to the Biden administration, the funding was approved by the Pension Benefit Guaranty Corporation (PBGC) and…

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